NextEra Energy Capital to sell fixed-to-floating debentures due 2079

By Devika Patel

Knoxville, Tenn., April 1 – NextEra Energy Capital Holdings Inc. plans to price a sale of fixed-to-floating-rate guaranteed debentures due May 1, 2079, according to a 424B5 filing with the Securities and Exchange Commission.

The debt is guaranteed by NextEra Energy Capital Holdings' parent company, NextEra Energy, Inc.

Interest will accrue at a fixed rate until May 1, 2029, and then at a rate based on Libor.

The notes feature a par call beginning on May 1, 2029.

The bookrunners are BofA Merrill Lynch, Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Wells Fargo Securities LLC.

The company will add the net proceeds from the sale to its general funds, which will then be used to repay a portion of the borrowings under four separate term loan agreements.

NextEra Energy is an energy company based in Juno Beach, Fla.

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